PRM
Perimeter Solutions, Inc.
Last earnings -9.2% on 2026-05-06
$33.92
▲ +3.64%$33.92▲ +142.63%
over 1Y
L $13.92H $37.78
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+3.6%
1W-8.1%
1M+10.3%
3M+32.6%
YTD+23.3%
1Y+142.6%
Hold
Conviction
Horizon
Long (>12mo)
12-mo target
$•••
Street · 6 analysts
Buy
Dominant fire-retardant franchise with fat margins and rising cash flow, but a GAAP loss and 8.6x sales keep it a hold.
Revenue $653M · FY2025
Perimeter Solutions is a high-quality niche industrial, best known for its Fire Safety segment (Phos-Chek wildfire retardant and the never-fail service network supplying ~150 air tanker bases in North America) alongside a Specialty Products segment (P2S5 lubricant additives, electronic components, and now MMT medical-device machinery). The franchise economics are excellent: FY2025 revenue grew 16.4% to $653M, gross profit rose 18.3% to $375M at a 57.5% gross margin, and operating cash flow climbed 26.4% to $238M. Management runs a decentralized, capital-allocation-focused model explicitly aiming for 'private-equity-like stockholder returns.'
The headline GAAP loss — net income of -$206M and operating income of -$201M — looks alarming but is at odds with the strongly positive operating cash flow of $238M, indicating the loss is driven by large non-cash charges (the company's structure carries sizable fair-value/compensation-linked items) rather than operating distress. Cash grew 64.2% to $326M against $669M of long-term debt, and the company even repurchased $40.4M of stock (+180%), consistent with its opportunistic buyback priority.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 4:56 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Financials · annual, by fiscal year
| Line item | FY20 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $340M | $361M | $322M | $561M | $653M |
| Gross profit | $162M | $129M | $128M | $317M | $375M |
| Operating income | $71.5M | $130M | $94.5M | -$3.77M | -$201M |
| Net income | $24.2M | $91.8M | $67.5M | -$5.91M | -$206M |
| Diluted EPS | $0.46 | $0.52 | $0.41 | -$0.04 | -$1.37 |
| Net margin | 7.1% | 25.5% | 21.0% | -1.1% | -31.6% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$5.88B
EV / EBITDA—
EV / Sales9.0
EV / FCF28.2
P / FCF26.5
PEG (trailing)—
Earnings yield-3.7%
FCF yield3.8%
Quality & risk
ROIC (est.)-8.8%
Free cash flow$209M
Total debt$669M
Net cash-$343M
Altman Z-Score1.94 grey
Piotroski F-Score6/9
Capital returns
Buyback yield0.7%
Dividend yield (est.)—
Shareholder yield0.7%
Shares Δ YoY-0.1%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRoutine disclosure cadence — no material red flags in recent filings.
Recent filings
all on EDGAR ↗4Period ending 2026-06-262026-06-30open ↗144Filing2026-06-12open ↗144Filing2026-06-12open ↗8-KPeriod ending 2026-05-282026-05-28open ↗4Period ending 2026-05-202026-05-22open ↗144Filing2026-05-22open ↗144Filing2026-05-21open ↗144Filing2026-05-20open ↗4Period ending 2026-05-132026-05-15open ↗4Period ending 2026-05-132026-05-15open ↗144Filing2026-05-13open ↗144Filing2026-05-13open ↗
Frequently asked
- Is Perimeter Solutions, Inc. (PRM) a buy?
- PRM currently carries a Hold rating with 3/5 conviction, derived from its latest SEC filings. Dominant fire-retardant franchise with fat margins and rising cash flow, but a GAAP loss and 8.6x sales keep it a hold.
- What is Perimeter Solutions, Inc.'s quality score?
- PRM scores 46.72737121906508/100 (grade D) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001880319, latest 10-Q filed 2026-05-06) · EODHD · Proprietary analysis · as of 6/21/2026, 8:56:03 PM.
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